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TikTok owner ByteDance sells gaming unit to Saudi group for over $6 bn | Pakistan TV Digital

  • 7 sources analyzed
  • Source mix: Web
  • Momentum: Older than 2 weeks

What We Know

Multiple web reports say TikTok owner ByteDance has sold a gaming unit for over $6 billion to a Saudi group. Some outlets identify the asset as Moonton, the studio behind multiplayer mobile titles including Mobile Legends. The sale price is reported as more than $6 billion.

The buyer is named as Savvy Games Group, a Saudi Arabian video game investment, development, publishing and esports holding company tied to the kingdom’s Public Investment Fund and built to support the domestic gaming sector and invest globally. Independent coverage of Savvy shows it is actively pursuing partnerships and technology initiatives — for example, working with Genvid on AI tools and training for Saudi Arabia — indicating the group’s broader ambitions in games and related technology.

Source Comparison

Aligned reporting
4 corroborates - 0 adds context - 0 conflicts